World News

ICBC, HSBC among major lenders on ByteDance's $30 billion financing

The three-year borrowing, which could be extended to as long as five years, attracted 28 banks, some of which committed via various branches or subsidiaries

Yemen conflict intensifies as Houthi attacks threaten Red Sea oil supplies

Yemen's government is sending more forces to the Red Sea coast after Houthi advances, raising concerns over shipping disruptions and pressure on global oil supplies

China spies on us, we spy on them too: Trump on Iran satellite images

Trump downplayed a WSJ report that Chinese entities supplied Iran with satellite imagery of a US base in Jordan before a July missile strike that killed three US troops

Trump backs new ethics rules to push crypto bill, but it may not be enough

Republicans say Trump agreed to provisions restricting politicians' crypto dealings as the Senate prepares to vote on the Clarity Act governing the $2.3 trillion market

Carney pitches Canada to global investors as Trump tries to pull investment

About 300 top executives overseeing more than $120 trillion in assets will attend Canada's investment summit as Mark Carney seeks to reduce reliance on the US

Build resilience before next emergency arrives: WHO chief to Brics leaders

WHO chief urged Brics leaders to focus on health resilience, innovation, cross-border cooperation and sustainable financing

Softbank Group gets upsized $11.9 billion loan in OpenAI funding push

The Japanese conglomerate sealed the two-year facility last week, attracting commitments from around 20 banks

Too early to endorse JD Vance for 2028 presidential race, says Trump

Trump declined to endorse Vice President JD Vance for the 2028 presidential race, saying it was too early while praising Vance and other potential contenders

Anthropic picks Nasdaq for much-anticipated IPO, eyes listing in October

The Claude chatbot maker is seeking to raise as much as or more than SpaceX in an IPO that could take place as soon as October

$7 billion gas bill sees developing Asian nations sour on LNG future

The loss of Qatari LNG supplies through the Strait of Hormuz has sharply raised costs for Asian emerging markets

As fears of AI catastrophe magnify, Washington stirs, but mostly slumbers

President Trump has been at the forefront of the "what-me-worry?" crowd, refusing to engage on how to balance the risks and rewards of AI

How Iranian hard-liners prevailed and sabotaged peace deal with US

Opponents derailed the agreement with a clandestine effort to attack ships in the Strait of Hormuz, regime insiders say. Iran's president was furious when he found out

Amazon pauses operations with 21 Air after Miami cargo plane crash

Last week, an Amazon Prime Air cargo flight overran a runway and crashed while landing at Miami International Airport

Trump says US should have world's lowest interest rates ahead of Fed meet

Trump said the US should have the lowest interest rates in the world, days before the Federal Reserve's policy meeting amid persistent inflation

Iranian ship struck in Hormuz; talks between Tehran, neighbours postponed

An Iranian cargo vessel was struck off Qeshm Island in the Strait of Hormuz, killing one and wounding four, as a regional meeting on shipping in the strait was postponed

Trump calls on Zelenskyy to halt strikes on Russian oil refineries

Ukraine has for months been targeting Russia's oil and gas industry with long-range strikes, prompting fuel rationing across the country and causing Moscow to ban diesel exports in July

India's Brics payment pitch falls short of leaders' declaration

BRICS leaders stopped short of endorsing concrete steps on payment-system interoperability and local-currency trade, leaving India's long-running push without a firm action plan

Trump says US could stay in Iran and keep oil, like Venezuela deal

US President Donald Trump said Washington could remain engaged in Iran and keep its oil, drawing a parallel with the US deal in Venezuela, while predicting the war would end this year

Iran set to unveil temporary Hormuz shipping lane pact to Gulf nations

Iran is set to present Gulf nations with an agreement reached with Oman for a temporary shipping lane through the Strait of Hormuz, though access will remain restricted

Gulf tankers run out of options as key oil export routes pinch shut

Houthi gains in the Red Sea and continued constraints in the Strait of Hormuz are leaving Gulf oil exporters with fewer routes, threatening energy supplies and raising shipping risks